Author Archives: Duncan Glassey

Sir Keith Mills’ letter

This morning UK entrepreneur Sir Keith Mills published a letter urging fellow Coutts clients to lobby the bank for compensation after it allegedly recommended investing in AIG’s troubled £6bn (€6.4bn) money-market fund. The letter in full is published below. An open letter to Coutts customers 19th December 2008 Dear fellow Coutts customer, If you are […]

Another Blow for Fragile Banks

The banking sector has received another blow to its already fragile confidence as Standard & Poor’s has lowered its credit ratings on a number of institutions, including amongst others, Barclays, HSBC and RBS. This reflects the significant pressure on these large complex financial institutions’ future performance due to increasing bank industry risk and the deepening […]

People Begged to Invest with Him

Reproduced with the kind permission of Dimensional Fund Advisors (United States) A long list of wealthy investors both in the US and abroad have been shocked to learn that Bernard L. Madoff, a prominent and well-respected broker and money manager, has been accused of orchestrating one of the most extensive investment frauds in US history. […]

Salary Sacrifice or Direct Pension Contribution?

Question Duncan, my accountant has suggested ’salary sacrifice’ as a means of saving tax and bolstering my retirement funding.  What do you think? Answer It is arguable that where you are able to agree on a salary/bonus sacrifice with your employer, with the sacrificed income being paid as an employer pension contribution to your chosen […]